Inactive Instrument

TTS Group ASA Oslo Bors

TTS ASA : Side loading systems and winches contracts

March 18, 2014 at 03:56 am EDT

MarketScreener.com By The editorial team

TTS Group ASA has, through its subsidiaries TTS Ships Equipment AS and TTS Marine GmbH, entered into four new contracts, one for delivery of side-loading systems and three for winches. The total values of the contracts are NOK 110 million.

The contract for side-loading systems is with a major Norwegian shipping company, for conversion of three ships in late 2014 and early 2015.

The other three contracts are for anchor and mooring winches of various types, all for Greek owners. The first contract is for four large Container vessels. The second contract is for four VLCCs, and the third is for two LNG Carriers. The deliveries will take place within 2014 - 2016.

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Company Profile

Nekkar Asa is a Norway-based holding company in the Nekkar Group. The Nekkar Groupâs segment structure consists of: Shipyard Solutions, Digital Solutions and Others. The Shipyard Solutions segment includes the business related to deliveries of ship lift and docking systems along with other products and services to shipyards and naval bases, the Digital Solutions segment is the competence hub that serves both other business areas in Nekkar along with customers outside the Group, while the Other segment includes Group functions in the Parent Company, the development projects within Aquaculture and Renewables and group elimination. The Companyâs has two wholly-owned subsidiaries: Syncrolift AS and Nekkar AS.

Sector

Heavy Electrical Equipment

Calendar

2024-05-16 - Q1 2024 Earnings Release

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